Verisign (NASDAQ: VRSN) CFO uses stock to cover RSU tax bill
Rhea-AI Filing Summary
VERISIGN INC/CA (VRSN) reported that EVP and Chief Financial Officer John Calys disposed of small amounts of Common Stock in three transactions on 2026-08-15. A total of 198.6213 shares were delivered or withheld at $284.24 per share to the company as payment of tax liability in connection with the vesting of restricted stock units, as described under Rule 16b-3. A related footnote states that his direct holdings (not quantified here) include 39 shares acquired on July 31, 2026 under the Amended and Restated 2007 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 198.6213 shares
Net Sell
3 txns
Insider
CALYS JOHN
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 55.8702 | $284.24 | $16K |
| Tax Withholding | Common Stock F1 | 72.4133 | $284.24 | $21K |
| Tax Withholding | Common Stock F1 | 70.3378 | $284.24 | $20K |
Holdings After Transaction:
Common Stock — 30,927.0499 shares (Direct)
Footnotes (2)
- F1. Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock units.
- F2. Reporting Person's total direct holdings disclosed in Table I, Item 5 under Amount of Securities Beneficially Owned Following Reported Transaction(s) includes 39 shares acquired July 31, 2026 under the Amended and Restated 2007 Employee Stock Purchase Plan.
Key Figures
Tax-withholding disposition 1: 55.8702 shares at $284.24 per share
Tax-withholding disposition 2: 72.4133 shares at $284.24 per share
Tax-withholding disposition 3: 70.3378 shares at $284.24 per share
+2 more
5 metrics
Tax-withholding disposition 1
55.8702 shares at $284.24 per share
Common Stock disposed on 2026-08-15 under code F for tax liability
Tax-withholding disposition 2
72.4133 shares at $284.24 per share
Common Stock disposed on 2026-08-15 under code F for tax liability
Tax-withholding disposition 3
70.3378 shares at $284.24 per share
Common Stock disposed on 2026-08-15 under code F for tax liability
Total shares for tax liability
198.6213 shares
Aggregate of three code F dispositions reported on 2026-08-15
Employee Stock Purchase Plan shares
39 shares
Direct holdings include shares acquired July 31, 2026 under 2007 ESPP
Key Terms
Rule 16b-3, restricted stock units, Amended and Restated 2007 Employee Stock Purchase Plan
3 terms
Rule 16b-3 regulatory
"Disposition of shares exempt under Rule 16b-3 as payment of tax liability"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"withholding securities incident to vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2007 Employee Stock Purchase Plan financial
"shares acquired July 31, 2026 under the Amended and Restated 2007 Employee"
FAQ
What insider transactions did VRSN CFO John Calys report on August 15, 2026?
John Calys reported three dispositions totaling 198.6213 shares of Verisign common stock on 2026-08-15. The shares were delivered or withheld to cover tax liabilities arising from vesting restricted stock units, rather than open-market sales.
Were John Calys’s Verisign (VRSN) Form 4 transactions open-market sales?
No, the reported transactions were not open-market sales. The Form 4 states the shares were disposed of as payment of tax liability to Verisign by delivering or withholding shares when restricted stock units vested, under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.